Question
An investment project provides cash inflows of $690 per year for eight years. a. What is the project payback period if the initial cost is
An investment project provides cash inflows of $690 per year for eight years.
a. What is the project payback period if the initial cost is $1,475? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the project payback period if the initial cost is $3,500? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. What is the project payback period if the initial cost is $5,700? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2
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